Economics Quiz 36
1 / 50
If an increase in a consumer?s income causes the consumers to decrease her quantity demanded of a good, then the good is ?
2 / 50
When ________ substitutes exist, a monopolist has ________ power to raise price?
3 / 50
________ are quotas that result in a total prohibition of trade?
4 / 50
What is called interest that is paid previously earned interest as well as on the principal ?
5 / 50
In a floating exchange rate system ?
6 / 50
As of 2005 what proportion of women were in managerial professional and administrative positions ?
7 / 50
The developed nations have only about 15% of the world?s population, but they are estimated to consume _______ of the world?s output ?
8 / 50
Which of the following groups would not benefit from an EU imports quota on Japanese cars ?
9 / 50
The formula for the marginal revenue product of labour (L is for labour, X is the product) is ?
10 / 50
uppose a consumer must choose between the consumption of sandwiches and pizza. If we measure the quantity of pizza on the horizontal axis and the quantity of sandwiches on the vertical axis and if the price of a pizza is Rs10 and the price of a sandwich is Rs5, then the slope of the budget constraint is ?
11 / 50
Labeling theory has been criticized because_________________?
12 / 50
The crop most susceptible to frost is_______________?
13 / 50
A profit maximising firm will employ labour up to the point where ?
14 / 50
What is the ratio of Agriculturist by profession in Pakistan in (mid 2007) ?
15 / 50
Money that a government has required has required to be accepted in settlement of debts is ?
16 / 50
Economic growth is depicted by ?
17 / 50
Economic policies do not work as well as they should because of obstacles posed by______________?
18 / 50
Studies other than Mead,s show that_________________?
19 / 50
Critics of our school system sate that _________________?
20 / 50
The sole legal right to print or publish anything which belongs to the author or his assignees is called ?
21 / 50
The Superego of Freud,s theory is similar to Mead,s ?
22 / 50
Which of the following is not true about the specialized farm ?
23 / 50
If the economy is at the peak of the business cycle, aggregate demand ____ unemployment _______ inflation _______ and the current account of the balance of payments is likely to move towards _______?
24 / 50
The discipline that studies such disparate subjects as the environment religion politics criminality organization and so on is______________?
25 / 50
Which of the following activities is one of the responsibilities of the Bank of England to the banking system ?
26 / 50
Suppose each of 20 neighbours on street values street repairs at ?3000 the cost of the street repair is ?40,000 which of the following statements is true ?
27 / 50
The leading producer of sulphur in the world is ?
28 / 50
Economic growth from current year (c) to previous year (p) is given by ?
29 / 50
Negative life chances correspond to__________________?
30 / 50
When real income increases other things equal we can expect the demand for real money holdings to ?
31 / 50
Which of the following is NOT within the secondary economic sector ?
32 / 50
All of the following are thought to be sources of new product ideas EXCEPT ?
33 / 50
When stock market is falling it is_______________?
34 / 50
A firm may be unable to maximize profits because it ?
35 / 50
Involuntary unemployment exists if workers ?
36 / 50
Barriers to entry ?
37 / 50
The main cause of different relative costs between countries are ?
38 / 50
The reduction of tax ?
39 / 50
If the quantity of money demanded exceeds the quantity of money supplied then the interest rate will ?
40 / 50
Markets sometimes fail to exist because of________?
41 / 50
Public ownership of natural monopolies ?
42 / 50
Term the exclusive right of one or more persons to carry on some branch of trade of manufacture It is a sole power of dealing in something ?
43 / 50
The liquidity trap occurs when the demand for money ?
44 / 50
To assign uniform characteristics to an entire group of people without allowing for individual differences is called_____________?
45 / 50
Which exchange rate system is characterized by the absence of government intervention ?
46 / 50
The use of price points for reference to different levels of quality for a company?s related products is typical of which product mix pricing strategy ?
47 / 50
The expectations people have regarding how husbands and wives ought to behave are called marital______________?
48 / 50
When you add a tomato product to a Hollandaise Sauce it is called ?
49 / 50
In the classical model, potential output cannot be increased by ?
50 / 50
An increase in the price of a complement for product A would ?
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